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any long term day traders here? Anonymous Mon Sep 4 01:19:01 2017 No.3334132 [Reply] [Original]

hey guys i have a finance background and i left my job early in the summer, i learned about crypto in july and started investing on august 1st with 10k. right now im at 47k and ive made as much as I would have made at my job in 6 months. wondering how consistent this is long term, seems very profitable. I usually stay in cash too to avoid the down periods like this weekend. any one else been doing this for a while instead of working?

>>	Anonymous Mon Sep 4 01:31:52 2017 No.3334221 couple years at least anon. until SHTF and everyone wanna cash out

>>	Anonymous Mon Sep 4 02:32:15 2017 No.3334577 same boat. except i rather keep working to just keep funding for btc. what did you hold?

>>	Anonymous Mon Sep 4 02:47:37 2017 No.3334662 >>3334132 Day trading since the middle of June and I've taken 100 to 117k, this is the fastest I've ever made money. I really don't think this will last.

>>	Anonymous Mon Sep 4 02:53:31 2017 No.3334694 Turned 1000 into 1100 in one month, at this rythme i'll be a millionnaire around 2200, get on my level.

>>	Anonymous Mon Sep 4 02:55:16 2017 No.3334703 >>3334662 If you just held 100k worth of bitcoin in mid June, it would be worth more than 180k now. You're day trading profits is less than a quarter that it would have been by just holding bitcoin.

Anonymous Mon Sep 4 02:55:37 2017 No.3334706

>>3334132
What is anyone going to do with any of this?
Is it like.. somehow going to be transferred to FIAT and then you can do shit like buy a car or buy a house or a whatever thingy so you can spend your days jerkin' it?

I want to get in but I have responsibilities so I want to be able to get some shit out of this.

>>	Anonymous Mon Sep 4 02:56:41 2017 No.3334711 >>3334577 i dont hold, i usually do sub 30 minute trades. im always in bitcoin in bull runs or cash on bear/consolidation periods

>>	Anonymous Mon Sep 4 02:57:40 2017 No.3334722 >>3334694 If you are actively trading and hodl good coins, the more dosh you have the more it can grow. Don't despair!

>>	Anonymous Mon Sep 4 02:58:29 2017 No.3334729 >>3334711 What exchange do you use?

>>	Anonymous Mon Sep 4 02:59:06 2017 No.3334731 >>3334703 No nigger, I've taken $100 to $117,000. I was up to 131k but I took out 1 btc and then shit dipped.

>>	Anonymous Mon Sep 4 02:59:19 2017 No.3334732 File: 199 KB, 500x357, 1495592537251.png [View same] [iqdb] [saucenao] [google] >>3334706

>>	Anonymous Mon Sep 4 03:00:26 2017 No.3334738 >>3334729 bittrex for high volume/highly volatile alts (neo, omisego, xmr, lisk, qtum, bcc) and gdax for the big 3

>>	Anonymous Mon Sep 4 03:01:52 2017 No.3334747 >>3334706 well i made 37k this month so i would just take out like 2k per month to cover living expenses and keep as much in for generating more money

>>	Anonymous Mon Sep 4 03:09:57 2017 No.3334802 >>3334731 bullshit >>3334738 Do you use candle patterns or just wing it?

>>	Anonymous Mon Sep 4 03:11:42 2017 No.3334813 >>3334802 indicators i use are RSI, MACD, changes in volume, support/resistance levels, flucations in bitcoin price

>>	Anonymous Mon Sep 4 03:13:23 2017 No.3334821 >>3334132 From about December '16 - June '17 i made a net profit of around 20 BTC trading btc futures and various shitcoins. I don't think it's sustainable but it's a great profit for the year and there's still some months left.

>>	Anonymous Mon Sep 4 03:15:43 2017 No.3334841 >>3334821 nice man, good to hear

>>	Anonymous Mon Sep 4 03:17:30 2017 No.3334853 >>3334802 >bullshit I don't care what you think, my goal was $250/day and my average is now $1,524/day. I don't think this can last.

>>	Anonymous Mon Sep 4 03:19:41 2017 No.3334863 >>3334813 Does Bittrex have MACD?

>>	Anonymous Mon Sep 4 03:23:08 2017 No.3334889 >>3334863 no i use trading view on my second monitor

>>	Anonymous Mon Sep 4 03:24:48 2017 No.3334899 >>3334747 How do you take it out?

>>	Anonymous Mon Sep 4 03:25:40 2017 No.3334906 >>3334899 gdax wire transfer to bank

>>	Anonymous Mon Sep 4 03:27:10 2017 No.3334918 >>3334906 So what you're saying is that I'm a noob and should find some manner of resource to make sense of all this?

>>	Anonymous Mon Sep 4 03:28:02 2017 No.3334923 >>3334853 what's your strategy? chasing pumps?

>>	Anonymous Mon Sep 4 03:30:37 2017 No.3334946 >>3334863 >>3334889 It does have MACD

>>	Anonymous Mon Sep 4 03:35:46 2017 No.3334979 >>3334923 I wrote a bot that seems to work better than most, I've been posting about it here and there for months now. Hopefully shit gets back to normal this week, I was hoping to hit a million this year.

>>	Anonymous Mon Sep 4 03:37:02 2017 No.3334988 >>3334946 it might not sure its too basic for what i need tho, trading view is customizable and has alot of other great indicators

Anonymous Mon Sep 4 03:53:37 2017 No.3335142

>>3334132
You're living the life I want to live right now. I'm heartened to hear that you use a lot of the same indicators I've discovered through trial and error, and I feel like I'm on the verge of being able to make big profitable trades on a consistent basis.

I have some scripts running 24/7 watching all the markets on bittrex, and it's sending me messages every time it sees anomalous volume and/or price increases, and I want to get in on those huge pumps.

If I can prove to myself that I can hit them consistently, I will quit my job and trade full time.

>>	Anonymous Mon Sep 4 03:55:36 2017 No.3335170 >>3335142 Which are you using?

Anonymous Mon Sep 4 04:02:58 2017 No.3335223

>>3335170
RSI, MACD, Volume (especially anomalous spikes in volume).

I've found RSI good for figuring out when to sell. I think a lot of traders must believe in it, because its accuracy is uncanny sometimes.

MACD gives me a feeling for whether a dip is over or not. I use this to prevent me from buying at dangerous times. (RSI helps to tell me when not to buy too, but during the early moments of a big pump, it's not that accurate.)

Sudden increases in volume are a big clue that a pump may be forthcoming. If you look at any chart that shows a pump, you'll see the spike in volume easily. If my scripts notice volume and price anomalies, I look at the chart, zoom in and out a bit, and if it looks like the beginning of a healthy pump, I buy and ride the wave up.

>>	Anonymous Mon Sep 4 04:07:05 2017 No.3335282 >>3335223 Poor NEO and ADX. My anomaly detector noticed both of their dead cat bounces just now.

>>	Anonymous Mon Sep 4 04:16:43 2017 No.3335400 >>3334979 Would you share or sell it?

>>	Anonymous Mon Sep 4 04:19:19 2017 No.3335434 File: 379 KB, 500x374, 1471904727935.gif [View same] [iqdb] [saucenao] [google] >>3335400 I don't think you'd want it right now, it's buying up cheap ching chong coins - it's being an absolute retard, like it can't read the news or something...

>>	Anonymous Mon Sep 4 04:25:53 2017 No.3335534 >>3335434 Fucking China. My own bot is notifying me on all these dead cat bounces.

>>	Anonymous Mon Sep 4 04:45:32 2017 No.3335818 >>3335534 I'll probably regret letting it trade through this shitstorm but it's fun to watch. Easy come easy go.

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